Analysts have slashed price targets across the street heading into Monday's Q1 print. Short interest sits near cycle lows at 0.93% of float while options traders tilt defensive.
Short interest stands at 29.2 million shares as of April 23, just 0.93% of free float. The position rose 1.6% over the past week and 14.3% over the past month. Days to cover remain minimal at 1.81 based on the latest FINRA data. Cost to borrow dropped 33% week-over-week to 0.24%. Utilisation is negligible at 0.16%, down from a 52-week high of 2.02%. Borrowing remains cheap and plentiful.
The put/call ratio closed at 1.11 on April 24, above the 20-day mean of 1.02. The z-score sits at +1.44, signalling elevated put activity. PCR is well off the 52-week high of 1.36 but far above the low of 0.43. Options traders are leaning defensive ahead of the print.
The consensus price target sits at $96.65, implying 22% upside from the $79.42 close. But all recent moves have been cuts. Piper Sandler lowered its target to $94 from $100 on April 15 while keeping an Overweight rating. Keefe Bruyette trimmed to $98 from $101 the same day with a Market Perform stance. Barclays chopped its target to $108 from $113, still Overweight. JP Morgan cut to $91 from $99.50 on April 7, staying Neutral. Goldman Sachs made the biggest move, slashing to $93 from $109 on March 23 but holding its Buy rating.
The P/E ratio stands at 11.06, down slightly over the past 30 days. Price-to-book sits at 1.40, up marginally over the month. WFC ranks in the 74th percentile for EPS momentum over 30 days and the 54th percentile over 90 days. Dividend score is strong at the 78th percentile. Short score rank sits at the 73rd percentile despite low absolute SI.
Insiders sold $61.4 million net over the past 90 days, with CEO Charles Scharf offloading $17.6 million on March 5. Vanguard holds 9.7% with a modest 125,000-share increase as of March 31. Geode added 251,000 shares through February. Goldman Sachs Asset Management increased by 582,000 shares.
Wells Fargo last reported on January 14, 2026. Prior prints occurred in April 2026 with multiple event times listed. The stock has declined 2.4% over the past week heading into Monday's release.
No active ORTEX Alpha signals flagged as of April 23.
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